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Alvarez Industries stock currently sells for $40 a share. It just paid a dividend of $1.92 a share (that is, D 0 = $1.92). The

Alvarez Industries stock currently sells for $40 a share. It just paid a dividend of $1.92 a share (that is, D 0 = $1.92). The dividend is expected to grow at a constant rate of 5.8 percent a year. What stock price is expected 1 year from now? The CORRECT ANSWER IS D 43.32 please show steps on how to solve !

a. $37.81

b. $44.35

c. $45.71

d. $42.32

e. $40.00

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